Hanoi, April 25 -- Thailand's Industry Minister Varawut Silpa-archa said the ministry is planning to set up an Industrial Transformation Fund worth around 100 billion THB (3.08 billion USD), aimed at helping small and medium-sized enterprises shift towards future industries and upgrade machinery. Under the proposed model, the fund will draw in private-sector co-investment. Talks are set to be held this week with the World Bank as the first institution to be approached, as it is an international financial institution that provides financing and technical assistance to developing countries. The ministry already has criteria for the kind of partner it wants to bring in. It must be a capable, well-funded private company that can help support th...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.